The Greek tragedy

Dr Ioannis Kokkoris (Reader, University of Reading), Dr Rodrigo Olivares-Caminal (Sovereign Debt Expert, UNCTAD and Assistant Professor, University of Warwick) and Kiriakos Papadakis (Financial Economist, Canea and Associates SA). The opinions expressed herein are personal and do not necessarily reflect those of the institutions that they represent.

• Greece is in a debt trap, it is borrowing money to be able to repay outstanding debts.